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IfA declare rate minimas for next April
#1
Each November, IfA Council considers what, if any, increase should be applied to its minimum recommended salaries from April the following year, advised in recent years by its working party on remuneration.

The working party represents a diverse range of viewpoints and interests and, as such, is unable to make recommendations to Council but rather present a series of options to inform Council’s deliberations.

Council met on 7 November and decided that IfA recommended minimum salaries should increase above inflation from 1 April 2014. The new rates are:


PIfA £17,094
AIfA £19,911
MIfA £25,738





You will be glad to hear that the BAJR Grade rates are broadly similar. ( give or take a tenner here or there) though the AIfA ( G4) rate for a supervisor is now just over £20k
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#2
So if I joined as a PIFA I'd have to take a pay cut?
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#3
surely a man of your manifest talents and a publication record to boot will be joining as a mifa - which would entitle you to a pay rise by all accounts!
If they can get you asking the wrong questions, they don't have to worry about answers
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#4
They keep changing the regs, so not sure if I'd make MIFA or not these days, maybe a well-paid AIFA?

Will settle for the warm happy glow of seeing my name referenced regularly, even if it is usually followed by 'unpublished client report', 'in prep.' or 'forthcoming' rather than a year
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#5
we all know that is not the way the IfA rates work... you could be a PIfA doing a senior management job or a MIfA doing a digging job you get paid for the job you do. which is why most companies use the BAJR GRades as it is based on level of responsibility

:face-huh:
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#6
Hmmm...... It's a minimum...... The point is if your wage is higher, your wage doesn't drop to meet it. If your company is not affiliated with the IFA, your wage is a matter for your management to decide, and the IFA has no involvement.
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#7
indeed it is... and currently the bank of england are saying things are going well in the uk. so there is no better time to start teh catch up in wages. a few years back, the companies 'would have' raised rates if it had not been for the economic collapse. well - that is officially over now.. and the garden is rosy... so this is more than acceptable... there is also a lack of supply... and add to that. 6 months to prepare.

BAJR will of course be sending out the consultation document and base rates on what people come back with. now i the time...
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#8
Kajemby Wrote:Hmmm...... It's a minimum...... The point is if your wage is higher, your wage doesn't drop to meet it. If your company is not affiliated with the IFA, your wage is a matter for your management to decide, and the IFA has no involvement.

Note to self, irony wasted on BAJR forum :face-crying:

Wages in bracket for grade thanks (although any pay rises welcome), it's the fantasy world of IFA membership grades that isn't :face-stir:
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#9
BAJR Wrote:indeed it is... and currently the bank of england are saying things are going well in the uk. so there is no better time to start teh catch up in wages. a few years back, the companies 'would have' raised rates if it had not been for the economic collapse. well - that is officially over now.. and the garden is rosy... so this is more than acceptable... there is also a lack of supply... and add to that. 6 months to prepare.

BAJR will of course be sending out the consultation document and base rates on what people come back with. now i the time...
looks like nobody is willing to price themselves out of the market. the stock of old lags willing to work for peanuts is keeping everbody afloat. surely somebody has a business model based on attracting and upskilling fresh blood?
If they can get you asking the wrong questions, they don't have to worry about answers
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#10
Dinosaur Wrote:Note to self, irony wasted on BAJR forum


Wages in bracket for grade thanks (although any pay rises welcome), it's the fantasy world of IFA membership grades that isn't


http://www.oxforddictionaries.com/defini...lish/irony


There was no irony just a disingenuous statement.
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